Business
FICAN Conference to Spotlight Banking Reforms, Fintech
Nume Ekeghe Nigeria’s banking recapitalisation programme, tax reforms and the rapid expansion of financial technology will take centre stage as policymakers, regulators and financial industry leaders converge in Lagos for
Sovereign Trust: Recapitalisation Reinforces Our Financial Strength, Commitment to Growth
Ebere Nwoji Sovereign Trust Insurance Plc, has said that it has successfully met the new recapitalisation requirement for non-life insurance companies prescribed by the National Insurance Commission (NAICOM), under the
CBN’s Sidi-Ali wins 2026 NSA Award
By Emma Ujah, Abuja Bureau Chief The Ag. Director of Corporate Communications of the Central Bank of Nigeria (CBN), Mrs. Hakama Sidi-Ali, has won the 2026 edition of the National Spokespersons Award.
HBM Nigeria’s profit up 57% to N208bn
By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, has declared a Profit After Tax (PAT) of N208billion representing a 57% growth for the first half of 2026, H1’26, against
Foreign dominance of coastal waters threatens Nigeria’s security
By Godwin Oritse A former Director of Shipping Development and Cabotage, Mr. Boniface Igwe, has warned that the continued dominance of foreign interests in Nigeria’s territorial waters poses a serious threat
Food inflation rate rises 5th consecutive month to 20.31%
By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026.
How 24 firms control over 70% of Nigeria’s stock market
Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the
Report: Fashion Drives Courier Demands in Nigeria on InDrive, Beats Food & Drinks
Oluchi Chibuzor inDrive, a global mobility and delivery services platform, has revealed that clothing and footwear emerged as the most frequently delivered items through its courier service in Nigeria during
Driving Export-led Economic Diversification Agenda
For decades, Nigeria’s economic fortunes have been disproportionately tied to crude oil, leaving the country vulnerable to volatile global prices, production disruptions and external shocks. But as President Bola Tinubu’s
FAAC: Five States Collect N317.5bn as Allocation, Exceed 20 Others Combined
Emmanuel Addeh in Abuja The five states with the highest Federation Account allocations in May 2026 collectively received N317.47 billion, more than the combined N310.13 billion shared by 20 states
